Social Security is not Insurance. It is Going Broke.

The Social Security System is not insurance. It is going broke earlier than expected.

Back in the 80's I wrote that the Social Security System would be broke, or shall I say bankrupt, by 2012. Now it appears that it is already paying out more money than its taking in.

If you will not be retiring within the next few years, be prepared to accept that your government has stolen your money and that you will never see any benefits. All Social Security taxes now being paid by current workers are used to pay the bureaucrats' salaries and the current beneficiaries. There is no "lock box". The money is being spent as fast as its coming in.

You must tell your Representative and Senator that you want the same retirement plan that they and the rest of the federal work force have. There must not be any inequalities in retirement plans.